Samsung Electro-Mechanics Co Ltd
009150: XKRX (KOR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| KRW 798,239.00 | Jyppnk | Vyshfycv |
MLCC For Non-IT Applications and Solid Camera Module Shipments to Offset Weakness on PCs and Servers
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Business Strategy and Outlook
Samsung Electro-Mechanics is the global second supplier of multilayer ceramic capacitors, which account for about 40% of Semco’s revenue and 70% of operating income. MLCCs are necessary to stabilize and control electric flow, and thus necessary for all electronic circuits. We believe the robust demand for MLCCs, mainly from smartphone and automotive manufacturers, will be the driver of Semco’s growth in the midterm.